The Implementation of New Production Methods by Managers, Such as the "Just-In-Time

question 118

Multiple Choice

The implementation of new production methods by managers, such as the "just-in-time" inventory system, increases:

• A)average labor productivity.
• B)the share of the population employed.
• C)the unemployment rate.
• D)the quantity of human capital.

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Definitions:

Inequality

A mathematical statement that uses symbols to show that two quantities are not equal and involves relationships like less than, greater than, less than or equal to, and greater than or equal to.

Solve

The method of identifying a solution or resolution for a mathematical equation or problem.

Inequality

A mathematical statement illustrating the relationship between two expressions that are not equal, using symbols such as <, >, ≤, or ≥.

Absolute Value

The distance of a number from zero on the number line, regardless of direction; denoted by |x|.